Budget 2025 May Boost Seafood Exports with Duty Cuts

By BPN News Desk January 18, 2025

Business Industry

India’s seafood industry is set to receive a significant boost as Budget 2025 is expected to propose a reduction in customs duties for shrimp and fish. This move is anticipated to enhance the global competitiveness of Indian seafood exporters and strengthen their position in international

Business Industry

Rising Factory Costs Highlight Bureaucratic Challenges in India

By BPN News Desk January 18, 2025

India’s industrial landscape is grappling with escalating factory costs, driven significantly by bureaucratic inefficiencies. Despite efforts to enhance the ease of doing business, manufacturers are facing hurdles that inflate operational expenses, impacting overall competitiveness. The Impact of Bureaucratic Processes Manufacturers have flagged lengthy approval processes,

Industry

Steel Ministry Pushes for $1.7 Billion to Reduce Emissions

By BPN News Desk January 17, 2025

The Indian Steel Ministry has requested a $1.7 billion budget allocation to support steelmakers in reducing carbon emissions. This significant proposal aims to align the industry with the country’s broader climate goals and transition towards green energy solutions. Accelerating the Transition to Green Steel The funding request underscores the government’s commitment to

Business Industry

Adani Group Stocks Rally After Hindenburg Closure

By BPN News Desk January 16, 2025

Adani Group stocks surged as much as 7% following the announcement that US-based short-seller Hindenburg Research has ceased its operations. This development has provided a sense of relief to the conglomerate and its investors, who have been navigating market volatility since Hindenburg’s critical report earlier this year. Hindenburg Research, known for targeting

Industry

India to Achieve 20% Ethanol Blending Target Soon

By BPN News Desk January 16, 2025

Union Minister Nitin Gadkari has announced that India is on track to achieve its ambitious target of 20% ethanol blending with petrol within the next two months. This milestone is a major step in the country’s push towards cleaner energy alternatives and reducing its reliance on fossil fuels. Ethanol Blending: A Game-Changer for Energy Ethanol […]

Industry

Government Plans Scheme to Boost Battery Component Manufacturing

By BPN News Desk January 16, 2025

The government is reportedly working on a comprehensive scheme to promote the domestic manufacturing of critical battery components, marking a significant step toward boosting clean energy initiatives and reducing reliance on imports. This initiative is seen as pivotal to fostering a robust ecosystem for electric vehicles (EVs) and energy storage systems. Focus on Battery

Industry

Government Initiates Measures to Alleviate MSME Compliance and Financing Challenges

By BPN News Desk January 16, 2025

The Indian government is engaging with stakeholders to streamline compliance procedures and enhance financing avenues for Micro, Small, and Medium Enterprises (MSMEs).

Industry

Indian Aviation Industry Faces ₹2,000-3,000 Crore Loss in FY25

By BPN News Desk January 15, 2025

The domestic aviation industry in India is projected to face a net loss of ₹2,000-3,000 crore in the financial year 2025, according to a recent report. The anticipated losses stem from persistent challenges, including elevated costs, fluctuating fuel prices, and competitive pressures on ticket pricing. High Operating Costs Impact Margins The report highlights that while

Industry

Indian Cement Industry: A Leader in Sustainability and Growth

By BPN News Desk January 14, 2025

The Indian cement industry is emerging as a key player in driving sustainable and positive change in both environmental and economic spheres. With a focus on adopting green practices, technological advancements, and innovation, the industry is setting new benchmarks for growth and sustainability. Sustainability Initiatives at the Forefront As one of the largest cement

Industry

India’s Industrial Output Growth Reaches 6-Month High of 5.2% in November

By Editor - News Desk January 13, 2025

India's industrial output increased by 5.2% year-on-year in November, marking a six-month high, driven by strong performances in manufacturing, electricity, and mining sectors.